Today: 7 October 2025
14 June 2024
1 min read

‘Dubai’s IPO boom signals market strength’

Dubai’s tax-efficient and demonstrably resilient economy has not only bolstered the emirate’s appeal for foreign direct investment, but provided a valuable incentive for banks, brokerages…reports Asian Lite News

As illustrated in the Regional Outlook for Banking and Capital Markets 2024 report, regional IPO growth is expected to come in three phases. Firstly, through the continued privatisation of state-related entities, followed by listings by family-owned companies and latterly, FinTech and tech-enabled start-ups.

Driven by a convergence of state and private IPO listings, a subsequent increase in financial services fees and a growing population of high-net-worth individuals, Dubai’s tax-efficient and demonstrably resilient economy has not only bolstered the emirate’s appeal for foreign direct investment, but provided a valuable incentive for banks, brokerages, and law firms to either shore up their presence, or establish one.

Commenting on the report’s findings, Arif Amiri, Chief Executive Officer, DIFC Authority, said, “Driven by the surge in IPOs, capital markets across the MENA region have experienced remarkable expansion, driven by reforms aimed at enhancing market infrastructure and fostering greater foreign and regional investment inflows. With its strategic initiatives and robust regulatory framework, DIFC plays a pivotal role in driving innovation and stimulating growth within the financial sector. Dubai’s IPO boom underscores the city’s status as a thriving hub for capital markets, and DIFC’s role in enabling this acceleration through the firms that drive capital markets and provide advisory services for IPOs will continue to contribute to the dynamic evolution of global finance.”

ALSO READ: AI Retreat 2024: Leaders convene in Dubai

Previous Story

 DMCC attracts over 160 new Indian businesses

Next Story

UAE ‘midday break’ regulation starts from June 15

Latest from -Top News

OCTOBER 7: Stop the Violence Now, Says Guterres

Guterres recalled that “the attackers brutally killed more than 1,250 Israelis and foreign nationals….reports Asian Lite News UN Secretary-General Antonio Guterres urged an immediate halt to the violence in Gaza, Israel, and

Piyush Goyal Heads to Doha for Trade Talks

During the visit, both sides are expected to discuss the proposed India–Qatar Free Trade Agreement (FTA)….reports Asian Lite News Union Commerce and Industry Minister Piyush Goyal will travel to Doha, Qatar, on

Hamas Heads to Egypt for Gaza Talks

The negotiation will focus on the details of enacting the first phase of the plan…reports Asian Lite News A delegation from the Palestinian group Hamas arrived in Egypt on Sunday ahead of

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with
Go toTop

Don't Miss

Dubai wins bids to host 175 int’l biz events in H1

The successful bids position the city to host several prestigious

BBME to return to Dubai as an in-person event

Breakbulk Middle East (BBME), the region’s only dedicated event for